Thursday, July 12, 2012

Social Point raises $7.4 million. Social gaming Company Scores Funding

Social Point, the leading social games developer based in Barcelona (Spain), announced today that it has closed a Series-B of $7.4 million led by Idinvest Partners, with participation from other funds including BBVA and existing investor Nauta Capital. The funds will fast track Social Point's plans to bring new social games to the market and to expand into mobile games. The teams of developers, game designers, IT engineers and support functions will be significantly strengthened in the coming months. The funds will also enable the company to increase the capacity of its platform to better manage its exponential growth.

About Social PointSocial Point is a leading social games developer based in Barcelona (Spain). The Company was founded by Andres Bou, Horacio Martos and Marc Canaleta in 2008. The Company has launched a number of top social games on Facebook in the last 18 months, such as Social Empires, Social Wars and Dragon City, accumulating over 13 million monthly active users. The Company has a strong pipeline of innovative games both on Facebook and on mobile. The Company completed a first round of financing in June 2011 with Nauta Capital for $3.4m.